FS KKR Capital Corp. II (FSK II), a non-traded business development company, will provide its shareholders with additional details in the “coming weeks” on its potential listing on the New York Stock Exchange.
The BDC previously announced plans to list its shares before the end of the second quarter of 2020, however, in a filing with the Securities and Exchange Commission, the company indicated that, “there can be no assurance that the company will be able to complete the listing on the expected timeframe or at all.”
FSK II was formed from the December 2019 merger of four non-traded BDCs including FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV, and Corporate Capital Trust II.
FSK II invests primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. The company is advised by FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors.
The company recently postponed its annual meeting of stockholders from May 15, 2020 to June 8, 2020 at 1:00 p.m. EST. The company cited the coronavirus (COVID-19) pandemic as the reason for the postponement.
FSK II is one of the nation’s largest BDCs with approximately $9 billion in total assets, as of December 31, 2019.